GCP Student Living plc
(the “Company” or “GCP Student
Living”, together with its subsidiaries the “Group”)
LEI: 2138004J4ID66FK38H25
Portfolio update
The Directors of GCP Student Living, the UK’s first REIT focused
on student residential assets, are pleased to announce that
construction of the Company’s first forward funded development
asset, Scape Wembley, has been completed on schedule ahead of the
2018/19 academic year.
Scape Wembley is adjacent to the iconic Wembley Stadium in
London and within short walking distance of Wembley Park station,
with travel times of 14 minutes to Marylebone, 20 minutes to Bond
Street and 25 minutes to King’s Cross.
Student bookings at the property in respect of the upcoming
academic year are ongoing.
For further information, please contact:
Gravis Capital Management Limited |
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+44 20 3405 8500 |
Tom Ward |
tom.ward@gcpuk.com |
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Nick Barker |
nick.barker@gcpuk.com |
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Dion Di Miceli |
dion.dimiceli@gcpuk.com |
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Stifel Nicolaus Europe Limited |
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+44 20 7710 7600 |
Neil Winward |
neil.winward@stifel.com |
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Mark Young |
mark.young@stifel.com |
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Tom Yeadon |
tom.yeadon@stifel.com |
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Buchanan |
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+44 20 7466 5000 |
Charles Ryland |
charlesr@buchanan.uk.com |
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Vicky Hayns |
victoriah@buchanan.uk.com |
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About GCP Student Living
The Company was the first student accommodation REIT in the UK,
investing in modern, purpose-built, private student residential
accommodation and teaching facilities. Its investments are located
primarily in and around London where the Investment Manager
believes the Company is likely to benefit from supply and demand
imbalances for student residential accommodation.
GCP Student Living’s property portfolio comprises nine assets
with c.3,450 beds which are either currently fully operational or
expected to complete construction / refurbishment over the next two
academic years. At 30 June 2017, its
property portfolio was valued at £467.0 million.
The Company’s standing properties are mainly occupied by
international students and offer high specification facilities and
hotel-level concierge type services which the Investment Manager
believes are attractive to overseas students.